When looking for real estate financing, the consumer must pay attention to many details. After all, there are many topics that need to be evaluated, and the buyer does not always know how to deal with all of them.
That is why counting on technology is so important, and resorting to a mortgage application is a solution. You probably have several apps on your phone, don’t you? For example, the bank application makes you avoid queues at the branch, the driver helps you get to places faster, etc.
With a real estate application, this situation occurs in a similar way, quickly resolving many financing steps. Want to better understand this technology? So, keep reading this article!
The main features of real estate applications
These tools facilitate the daily lives of users. Nowadays, it is no longer necessary to resort to printed publications to find interesting properties to buy or rent. Through a solution, you check the location, price and characteristics of the properties, as well as the contact details of the owner or real estate agent.
1. Score consultation
The credit score is a score that financial institutions give to customers based on specific criteria, such as late payments, loan requests, etc.
The higher the credit score, the less risky it is to lend money to a person. With a real estate financing application, the individual consults his score, taking steps to increase it, having access to better real estate financing conditions.
2. Online simulator
The financing simulation is a very important step in this process. It helps the person to understand how the purchase of the property will impact their family budget. This prevents the customer from doing a deal that doesn’t fit in his pocket.
Banks provide channels for their customers to simulate financing, usually on their websites, but this task can also be done quickly and securely in a mortgage application.
3. Generation of proposals
The financing proposal is different from the simulation, since it is a stage in which the buyer already has a structured idea of the business in which he elects a financial agent to participate in the transaction, defines the values of the entry, and knows the fees and the Effective Cost of Transaction (CET).
In the past, the proposal needed to be personally delivered to the responsible company. In fact, some companies still do that. However, this phase of financing can also be done through the application, safely and quickly.